Sun, Jan 05, 2003 - Page 10 News List

Retail companies lead shares lower in US

HANGOVER After Home Depot, one of America's top retailers said it expected earning to fall, shares of other in the sector declined, bringing share markets down

BLOOMBERG , NEW YORK

Forest Laboratories climbed US$5.34 to US$105.34. The drugmaker said fiscal third-quarter profit almost doubled to at least US$0.89 a share, beating the US$0.77-a-share average estimate of analysts surveyed by Thomson First Call.

Eastman Kodak Co rallied US$1.37 to US$37.21, adding the most to the Dow. Deutsche Bank Securities Inc analyst Peter Ausnit raised the stock to "buy" from "hold," citing expectations the world's biggest maker of film will give an "upbeat" forecast for this year when it reports fourth-quarter earnings on Jan. 22.

Continental Airlines Inc rose US$0.57 to US$8.19. The fifth-largest US airline said revenue for every seat carried one mile last month was as much as 11 percent higher than a year earlier.

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